OK, so the bearish prediction was missed by a hair and reached the day after predicted. Forgive me if I claim victory on that one.
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My last two publications were a mess so this one's purpose is to do justice to the forecast without trying to display the messy angles and tenuous mathematics involved with them.
Long term resistance is shown in orange both on the chart and the RSI. How the price reacts to meeting this line is key and will determine the mid-term trend. A breach will result in explosive action. Likewise, a rejection followed by a breach of the support trendline will result of a retest of recent lows. Either way, it's going to be habbening.
_______________
My last two publications were a mess so this one's purpose is to do justice to the forecast without trying to display the messy angles and tenuous mathematics involved with them.
Long term resistance is shown in orange both on the chart and the RSI. How the price reacts to meeting this line is key and will determine the mid-term trend. A breach will result in explosive action. Likewise, a rejection followed by a breach of the support trendline will result of a retest of recent lows. Either way, it's going to be habbening.
